should I buy in temecula

[(former)FormerSanDiegan]

[quote=Ren][quote=paramount]My total mortgage is ~ $1600/month because I am in fact conservative, and very affordable as a % of my income. My taxes are barely over 1%.

I bought early 2003, were those bubble years? I never even knew what a RE bubble was until around 2005~2006. The $1600 = PITI.

I bought for 270k and put 30k down (of my own hard earned dollars), I have been making payments (never even one day late) for almost 8 years now. I have nothing to show for it, nothing. It’s all gone. I never expected to ‘make’ money on my house, but I never expected it to be a liability either.

I told my wife this past weekend if there is some sort of August surprise and we are not offered any relief that we should positively walk.

It was my intention to move to San Diego this summer, closer to my office. This still may happen, it’s just difficult to do particularly with kids.[/quote]

This whole time I thought you had a major problem, but it’s more regret than a current financial bind. After the tax benefit, you’re actually close to break-even, maybe slightly positive depending on the neighborhood, not counting maintenance. If you ditch it now, you’ll have nothing to show for the last 8 years. Instead, save your credit, rent the place out, and rent in SD. You’ll need to cover some maintenance out of pocket, but inflation will work in your favor and it will cash flow over time. In 22 years you’ll have a paid-for ATM spitting out roughly $1.5k every month (factoring in inflation guesstimate, tax, high maintenance costs of an older property, etc.).

Maybe you did buy at a high price – so let someone else pay it, at least until the next cycle peak. The very last thing I would do is walk away from this now.[/quote]

I have to second Ren’s suggestion. You can make lemonade out of this if you are willing to rent out your home and rent in the next neighborhood you want to live in down in San Diego.

You are not in a significantly different boat than if you had rented for the past 8 years. Sounds like you could be close to break-even as a rental. If not, you would get a nice tax break. For less than the price of a car payment out of pocket, you will own a property 22 years from now that was paid off by tenants.

If as a couple you make under 150K, with the depreciation you can claim on the rental you might even be better off if you rent it out and rented an equivalent place at the same rent.

[Nor-LA-SD-guy]

Sorry back to the OT home school topic

One day when we finally start implanting chips in to kids brains all these education and social behavior issue will disappear ,

Just kidding sort of.

But seriously I think the great teacher/Bad teacher/Nazi teacher experience can be had on the web as well.

Maybe you could set a preference level or something

I think there could also be Robot teachers that will one day be able to provide this type of experience.

http://www.foxnews.com/story/0,2933,508184,00.html

[Nor-LA-SD-guy]

Sorry back to the OT home school topic

One day when we finally start implanting chips in to kids brains all these education and social behavior issue will disappear ,

Just kidding sort of.

But seriously I think the great teacher/Bad teacher/Nazi teacher experience can be had on the web as well.

Maybe you could set a preference level or something

I think there could also be Robot teachers that will one day be able to provide this type of experience.

http://www.foxnews.com/story/0,2933,508184,00.html

[Nor-LA-SD-guy]

Sorry back to the OT home school topic

One day when we finally start implanting chips in to kids brains all these education and social behavior issue will disappear ,

Just kidding sort of.

But seriously I think the great teacher/Bad teacher/Nazi teacher experience can be had on the web as well.

Maybe you could set a preference level or something

I think there could also be Robot teachers that will one day be able to provide this type of experience.

http://www.foxnews.com/story/0,2933,508184,00.html

[Nor-LA-SD-guy]

Sorry back to the OT home school topic

One day when we finally start implanting chips in to kids brains all these education and social behavior issue will disappear ,

Just kidding sort of.

But seriously I think the great teacher/Bad teacher/Nazi teacher experience can be had on the web as well.

Maybe you could set a preference level or something

I think there could also be Robot teachers that will one day be able to provide this type of experience.

http://www.foxnews.com/story/0,2933,508184,00.html

[Nor-LA-SD-guy]

Sorry back to the OT home school topic

One day when we finally start implanting chips in to kids brains all these education and social behavior issue will disappear ,

Just kidding sort of.

But seriously I think the great teacher/Bad teacher/Nazi teacher experience can be had on the web as well.

Maybe you could set a preference level or something

I think there could also be Robot teachers that will one day be able to provide this type of experience.

http://www.foxnews.com/story/0,2933,508184,00.html

[scaredyclassic]

you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.

[scaredyclassic]

you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.

[scaredyclassic]

you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.

[scaredyclassic]

you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.

[scaredyclassic]

you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.

[Ren]

[quote=walterwhite]you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.[/quote]

So you experienced the perfect storm. Your schools and teachers sucked, you had little desire to learn and/or you just didn’t get enough sleep, you don’t remember much because of the haze you spent your time in, your rebellion and resulting friction with teachers gave you major issues with authority figures, and the more you fell behind, the more difficult it was to catch back up.

Well, there’s “bowing to authority”, and then there’s understanding that you as an 8-year-old really don’t know better than an adult teacher, and understanding that the purpose of being there is to learn. If it wasn’t, they would just stuff you in a storage closet with hamster bottles to drink from. We understood the big picture, took an active part in our education, read an enormous amount, and became independent, confident, knowledgeable adults with good memories and lifetime friendships. Again, that was with the right attitude at good schools with mostly good teachers. If I had your attitude and experience, I’d probably home school my kids, too. As it is, I wouldn’t even consider taking the experience of school away from them, and I’m going to stay involved to make sure the experience remains a good one.

[Ren]

[quote=walterwhite]you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.[/quote]

So you experienced the perfect storm. Your schools and teachers sucked, you had little desire to learn and/or you just didn’t get enough sleep, you don’t remember much because of the haze you spent your time in, your rebellion and resulting friction with teachers gave you major issues with authority figures, and the more you fell behind, the more difficult it was to catch back up.

Well, there’s “bowing to authority”, and then there’s understanding that you as an 8-year-old really don’t know better than an adult teacher, and understanding that the purpose of being there is to learn. If it wasn’t, they would just stuff you in a storage closet with hamster bottles to drink from. We understood the big picture, took an active part in our education, read an enormous amount, and became independent, confident, knowledgeable adults with good memories and lifetime friendships. Again, that was with the right attitude at good schools with mostly good teachers. If I had your attitude and experience, I’d probably home school my kids, too. As it is, I wouldn’t even consider taking the experience of school away from them, and I’m going to stay involved to make sure the experience remains a good one.

[Ren]

[quote=walterwhite]you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.[/quote]

So you experienced the perfect storm. Your schools and teachers sucked, you had little desire to learn and/or you just didn’t get enough sleep, you don’t remember much because of the haze you spent your time in, your rebellion and resulting friction with teachers gave you major issues with authority figures, and the more you fell behind, the more difficult it was to catch back up.

Well, there’s “bowing to authority”, and then there’s understanding that you as an 8-year-old really don’t know better than an adult teacher, and understanding that the purpose of being there is to learn. If it wasn’t, they would just stuff you in a storage closet with hamster bottles to drink from. We understood the big picture, took an active part in our education, read an enormous amount, and became independent, confident, knowledgeable adults with good memories and lifetime friendships. Again, that was with the right attitude at good schools with mostly good teachers. If I had your attitude and experience, I’d probably home school my kids, too. As it is, I wouldn’t even consider taking the experience of school away from them, and I’m going to stay involved to make sure the experience remains a good one.

[Ren]

[quote=walterwhite]you didnt spend your days in school learning anything other than the most important lesson of bowing to authority.

you don’t really remember what happened.

there is little reading. mainly nonsense. blather. teachers speaking and students kind of nodding off.

the learning portion of the day could be compacted into a good half hour. the rest is bureacratic nonsense.[/quote]

So you experienced the perfect storm. Your schools and teachers sucked, you had little desire to learn and/or you just didn’t get enough sleep, you don’t remember much because of the haze you spent your time in, your rebellion and resulting friction with teachers gave you major issues with authority figures, and the more you fell behind, the more difficult it was to catch back up.

Well, there’s “bowing to authority”, and then there’s understanding that you as an 8-year-old really don’t know better than an adult teacher, and understanding that the purpose of being there is to learn. If it wasn’t, they would just stuff you in a storage closet with hamster bottles to drink from. We understood the big picture, took an active part in our education, read an enormous amount, and became independent, confident, knowledgeable adults with good memories and lifetime friendships. Again, that was with the right attitude at good schools with mostly good teachers. If I had your attitude and experience, I’d probably home school my kids, too. As it is, I wouldn’t even consider taking the experience of school away from them, and I’m going to stay involved to make sure the experience remains a good one.

[Author]

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